Meet Jack. He’s a first jobber who credits monthly salary of S$3,500 to his DBS/POSB savings account and transacts in two categories.
Jack has a total eligible transaction of S$3,800 and gets a bonus interest of:
To unlock higher interest rates, Jack can transact in one more category. By purchasing an insurance, Jack transacts in 3 categories and his interest rate increases from 2.10% p.a. to 2.40% p.a.
Meet Rachel and Bryan. They are married with two children and have a personal Multiplier Account each. Rachel and Bryan credit their salaries of S$6,000 and S$5,000 respectively into a joint account to qualify for higher eligible transaction tiers on their individual Multiplier Account.
They are also joint borrowers of DBS/POSB Home Loan and spilt the S$3,000 monthly instalment equally. Both are accorded the full monthly instalment amount of S$3,000 as an eligible transaction for their individual Multiplier Account.
Rachel has a total eligible transaction of S$19,000 and gets a bonus interest of:
Like Rachel, Bryan benefits from the combined credited salaries. He is accorded the full monthly instalment amount of S$3,000 as a joint borrower of DBS/POSB Home Loan and bought an insurance policy recently.
Bryan has a total eligible transaction of S$20,000 and gets a bonus interest of:
William receives S$755 monthly allowance credited to his DBS/POSB savings account and has DBS PayLah! Retail Spend of S$100.
With a total eligible transaction of S$855, he qualifies for interest of
To earn higher bonus interest, William can choose to take up an investment product which means he will fulfil 2 categories. His bonus interest will then increase from 1.80% p.a. to 2.10% p.a. His balance cap also increases from S$50,000 to S$100,000, allowing him to earn bonus interest on a higher amount.
This is Andrea. She’s 21 years old, full-time student and spends S$100 through DBS PayLah!.
With a total eligible transaction of S$100, she qualifies for interest of
Andrea can increase her interest rate from 1.50% p.a. to 1.80% p.a. when she credits her income through internships, part-time work, adding up to S$500 or more a month.
Philip is retired and receives his CPF LIFE monthly payouts through DBS. He also transacts his monthly expenses using PayLah!.
With a total eligible transaction of S$900, he qualifies for interest of
To unlock higher interest rates, Philip can transact in one more category. Using Vickers, he invests S$1,000. Philip now transacts in 2 categories and his interest rate increases from 1.80% p.a. to 2.10% p.a. His balance cap also increases from S$50,000 to S$100,000.
How do I apply for DBS Multiplier Account online?
For new DBS/POSB customers
Open your account instantly via digibank app.
Download digibank app
For existing customers with digibank access
Log in and refer to the following guided steps:
Digibank Online
Digibank App
DBS Multiplier account can be opened instantly:
Account opening will take 2 working days beyond these periods.
What do I need to open DBS Multiplier Account via digibank app?
Please ensure that you are at least 18 years old and have the following:
Note: To receive your debit card and to activate your account using SMS Banking, please use a Singapore residential/mailing address and a Singapore (+65) mobile number.
I don’t have Singpass access, what are the important information I need to know?
Note: To receive your debit card and to activate your account using SMS Banking, please use a Singapore residential/mailing address and a Singapore (+65) mobile number.
Can I convert my existing DBS/POSB account to Multiplier Account?
You can convert your existing personal DBS Autosave or DBS Multi Currency Account (joint account not allowed) to DBS Multiplier Account:
Can I open more than 1 DBS Multiplier Account or enrol in both DBS Multiplier Account and POSB Cashback Bonus?
You can only hold either 1 Multiplier Account or POSB Cashback Bonus, not both.
When do I get my interest?
Your DBS Multiplier Account pays you interest in two parts:
How is interest calculated?
Here's how we work out your interest:
You can qualify with any of the following:
Salary Credit to any DBS/POSB Deposit Account
Email your HR to credit your salary with DBS today.
Dividends Credit
Switch your dividend credit to DBS today. Log in to your CDP account to change your bank account details for Direct Crediting Service.
Annuities
Switch your CPF payouts or visit any of our branches to do an SRS Account transfer to DBS today.
You can qualify with any of the following:
Spend with any DBS/POSB personal credit card(s)
Find out more about DBS Credit Cards here.
Spend with PayLah!
Eligible PayLah! transactions include:
Find out more about DBS Home Loans here.
Multiplier recognises all Manulife Regular and Single Premium insurance policies distributed by DBS/POSB. No minimum premium amount required.
Regular Premium Policy
Single Premium Policy
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